The Deen's List(TM)
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.1 #60           Tuesday November 18 2003           2:12pm ET

Please read carefully our disclaimers at the end of this newsletter.

Market stance: BULLISH (since Oct 3 2003)

****************************** Sold ADEX *******************************

Ade Corporation (ADEX)

Net sell price in managed accounts(*).... $21.52
Date(s) bought........................... Oct 20 2003
Net buy price in managed accounts(*)..... $20.79
Holding period........................... 4.1 weeks
Gain/loss in managed accounts............ +3.5% (after commissions)

(*) The net buy (sell) price is the total net cost (proceeds) after
commissions for all managed accounts divided by the total number of
shares.

Market internals continue to deteriorate.  I do not yet have reason to
turn bearish, but I'm getting close, and I certainly do have sufficient
reason to lighten up, especially on tech stocks.  That is why I am
selling ADEX.  The yellow caution flag is definitely out.

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************************ IMPORTANT DISCLAIMERS *************************

* All stocks discussed in The Deen's List(TM) involve a high degree of
risk.  It should not be assumed that any stock discussed in The Deen's
List(TM) or purchased by Deen Capital Management, Inc. will be
profitable.

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************************************************************************

Ken Deen
Deen Capital Management, Inc.
PO Box 30925
Santa Barbara, CA 93130
(805) 682-1870
deenslist@deencapital.com

Copyright (C) 2003 Deen Capital Management, Inc.